$BMT has once again reached a critical zone and this level is extremely weak. There are heavy sell orders sitting at $0.0185.
Short Trade
Entry: Right now
Take Profits:
1. $0.0182
2. $0.0178
3. $0.0175
Stop Loss: $0.0192
$BMT
Why am I shorting it?
On the 1H timeframe the current price action is weak and the chances of a breakdown from $0.0186 are very high.
Momentum has already become very weak, volume is flowing out heavily, and RSI has also reached 70.
I also checked on-chain and major sell orders are placed there.
Risk Management: Use only 1-2% of your wallet. Once the first target is hit, move SL to entry.
Short Trade
Entry: Right now
Take Profits:
1. $0.0182
2. $0.0178
3. $0.0175
Stop Loss: $0.0192
$BMT
Why am I shorting it?
On the 1H timeframe the current price action is weak and the chances of a breakdown from $0.0186 are very high.
Momentum has already become very weak, volume is flowing out heavily, and RSI has also reached 70.
I also checked on-chain and major sell orders are placed there.
Risk Management: Use only 1-2% of your wallet. Once the first target is hit, move SL to entry.